Direxion Daily Financial Bull 3X Shares is an exchange-traded fund (ETF) designed to offer investors three times the daily performance of the Financials Select Sector Index. Managed by Rafferty Asset Management, LLC, it primarily invests in the U.S. public equity markets, focusing on financial sector stocks. The fund employs derivatives like futures and swaps to achieve its investment goals, targeting both growth and value stocks of large-cap companies. Launched in 2008, it aims to provide a powerful tool for those looking to magnify their exposure to the financial sector.
When financial stocks rally, a 3x leveraged ETF can deliver outsized gains. When they stumble, losses compound just as fast. Direxion Daily Financial Bull 3X Shares (NYSEARCA:FAS) promises amplified exposure to the…
Zoom Video is among four companies we have previewed that will be reporting earnings late Monday or early Tuesday.
During market sell-offs, market crashes and periods of major uncertainty, triple-leverage exchange traded funds become the most battered of all.
In a period when the stock market has hit new all-time highs, trading volume has been extremely light in the month of August.
The Direxion Daily Financial Bull 3X Shares (NYSEMKT: FAS) and the inverse Direxion Daily Financial Bear 3X Shares (NYSEMKT: FAZ) are leading our Daily ETF Folly feature ahead of the coming bank…
ThinkstockBanks have been back as a flavor for investors for a while. After all, Bank of America Corp. (NYSE: BAC) was the best performing stock of all 30 Dow Jones Industrial Average…
Wells Fargo & Co. (NYSE: WFC) has managed to beat earnings but it is obviously going to be in second place after J.P. Morgan Chase & Co. (NYSE: JPM). The bank still…
24/7 Wall St. has been expecting this highly anticipated Moody’s downgrade of the large banks and investment banks for weeks. It appears that the wait is over as the downgrade is set…
J.P. Morgan Chase & Co. (NYSE: JPM) is leading the markets higher this morning ahead of the Jamie Dimon testimony. The problem is that Bank of America Corporation (NYSE: BAC) is trumping…
Moody’s has telegraphed a banking sector review for quite some time, and it has actually been ongoing and the ‘bad news’ should be out very soon. We skipped many of the smaller…
Jon OggSo, just two weeks ago it looked as though “Sell in May and go away!” was not going to be as strong of a theme in 2012 compared to 2011 and…
Bank of America Corporation (NYSE: BAC) has reported its earnings and the headline numbers may look like a disappointment at $0.03 EPS from its $653 million in earnings. Revenue was $22.5 billion…
If you think ratings agencies do not quite matter any longer, today may be a reminder that they can still create at least some nervousness even if they are just late to…
Stern Agee has some previews ahead for earnings and same-store sales trends in the retail sector. The firm’s Margaret Whitfield and Tom Nikic have some previews ahead of the retail earnings wave…
J.P. Morgan Chase & Co. (NYSE: JPM) is about to report earnings Friday morning as the first bank and second DJIA component kicking off earnings season. We wanted to make a preview…
